Mubadala Capital to Invest $13.5B in Brazilian Biofuels

Abu Dhabi’s Mubadala Capital is gearing up for a substantial investment venture in Brazil, planning to allocate around $13.5B over the next decade.

This endeavour forms part of wider initiatives for the South American nation, which include the creation of a new stock exchange.

The asset management arm of the UAE sovereign wealth fund has been broadening its presence in Brazil, venturing into various sectors such as transportation infrastructure, education, and even fast-food franchises.

Sustainable fuels

Mubadala Capital has expressed its ambition to lead the way in renewable diesel and sustainable aviation kerosene production through a flagship biofuels project in Brazil.

In an interview with the Financial Times, Oscar Fahlgren, Mubadala Capital’s Brazil chief, disclosed details of the project, outlining plans for multiple bio-refineries with substantial processing capacities.

Source: FinanceWorld